Shalby Limited (NSEI:SHALBY) agreed to acquire an 14.06% minority stake in Pk Healthcare Private Limited on January 18, 2024. In the related transaction Shalby Limited subscribing to Preferential Issue consisting of 73.20%. Primary and secondary acquisition to the extent of 87.26% of the post issued paid up share capital of the Company aggregating for approximately INR1.02 billion.

Post completion of aforesaid acquisition, PKHPL will become a Subsidiary of the Company. This equity stake will be acquired within a period of one month, through primary infusion and secondary buy-outs.